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The profit of the German automaker Daimler has declined sharply. In the second quarter, the group earned 2.64 billion euros before interest and taxes (EBITDA), or nearly a third less than at the same time last year, reported DPA . between April and June – a result of 2.77 billion euros. Revenues fell 1% to 40.8 billion euros, while market watchers relied on 42 billion euros The Mercedes-Benz automaker announced that lower prices and prices luxury brand rights, played their part in these results. A fire with the US supplier also contributed to the decline in production as well as the unfavorable exchange rates and costs badociated with the operations of diesel cars already sold after Dieselgate The profits in the truck division are also low Dax has already reduced its annual forecast in June due to trade tensions. Since then, Daimler expects a slight decline in its operating profit, a decrease of five to ten percent from 14.7 billion compared to the previous year. Sales profitability dropped to 8.4% from 10.0% a year earlier. Starting in July, US import tariffs in China will increase to 40%, which will increase the cost of Mercedes-built Mercedes trucks in America and China. This was also one of the main reasons for the profit warning of a month. Nonetheless, Daimler's shares rose 1.6% at the start of trading. Other automakers have experienced stronger growth – the exchange was generally relieved by the agreement between US President Donald Trump and European Commission President Jean-Claude Juncker to freeze plans Trump to increase tariffs.
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